In this extraordinary environment, preserving your personal wealth becomes priority one. Before you make another major financial decision, it is imperative to understand the big picture by recognizing and understanding three critical issues. First, we are in a secular bear market for financial assets (stocks and bonds). Second, the consequences of the global bailouts will likely be highly inflationary. Third, we are at a pivotal point in the long-term investment cycle. Let’s examine each of these three keys in more detail. Full Story
By: The Energy Report and Lawrence Roulston - 2 July, 2009
The Energy Report caught up with newsletter writer and analyst Lawrence Roulston, who recently launched the GreenTech Opportunities newsletter. In this exclusive interview with The Energy Report, Roulston gives us his thoughts on developments that are happening in the alternative energy field, and ideas for profiting in a changing world. Full Story
To profit from Sector Dead-Cat Bounces one must first determine which Sectors do not Dead-Cat Bounce. Gold and Silver do not Dead-Cat Bounce because their inherent quality as Monetary Metals, that is, as The Ultimate Stores and Measures of Value, propels them upward. And insofar as they suffer significant declines, those declines are typically caused by The Cartel* Takedowns described below. Full Story
While we can draw many conclusions from the above charts the main one to focus on is inflation. These charts are clearly indicating that inflation is the next major threat and not deflation as most government economists are projecting. Once again, we would like to warn our subscribers that they should cut down on all levels of debt, use excess money to purchase bullion and commodities related stocks on all strong pull backs. The next 3-6 years are going to bring about unprecedented changes. Full Story
Practically everyone in the gold community has mentioned the inverse head and shoulders pattern on the gold chart and the corresponding $1,300 target. The target is correct but the interpretation of the pattern is not entirely correct. That target comes from the pattern being a reversal pattern but in the current case of Gold it is not a reversal pattern. Full Story
It’s been a wild ride this past year, but the markets are now on the upswing. Following a rough year where most of the markets dropped sharply, then stayed dull for a while, they’re finally headed higher. Most important, these are significant rises. Full Story
When the fundamentals are supportive, the most bullish phase in any stock or commodity is when the 50D has made a Golden Cross-Over and the two moving averages (50D and 200D) are rising. The cross-over has to be in synchronization with the fundamental direction, otherwise the trend will be short-lived. Full Story
Gold pulled back to our support trend line as expected and posted in my Sunday night report. The chart looks awesome for a buy signal but I am waiting for a MACD cross over before jumping on the band wagon. I like momentum to be on my side as it helps confirm the reversal putting the odds even more in my favor. Full Story
By: Richard Daughty, The Mogambo Guru - 2 July, 2009
Mark at Northwest Territorial Mint suggests that instead of me always yammering about buying “gold, silver and oil”, maybe I should switch to “silver, gold and oil”, which he deems “might even merit an exclamation point” since silver should precede gold in the lineup since silver is probably the most astoundingly under-priced element on the face of the planet! Full Story
We ought to savor the luxury of fleeting times such as these, when Matters of Consequence have been shoved off the front page by the sordid and the salacious. A Burmese python got loose in a Florida home yesterday, strangling a two-year-old. Should the pet’s owner, the boyfriend of the toddler’s mother, be charged with endangerment? Full Story
Many are the obstructions to the so-called (mislabeled) deflation threat within the USEconomy. To begin with, falling asset prices does not constitute deflation. One of the primary objectives of the banking elite in firm control of the USGovt and USCongress is to confuse the public and investment community on the entire topic of inflation, what it is, how it is measured, and its risks. The same goes for deflation. Full Story
HERE'S A THOUGHT – that tiny handful of investors and analysts warning how Fed policy risks hyper-inflation are in fact doing the central bank's work. The Fed wants you to believe hyperinflation is looming. Or at least, it should want that, if doubling its balance-sheet – purchasing and lending against investment junk – is going to work the wonders that modern central-bank theory says it can. Full Story
By: Jason Hommel, Silver Stock Report - 1 July, 2009
So far, out of 80,000 readers, nobody has asked me when the housing collapse will end. Funny. I might be regarded as knowing something about that, since I called it in advance, well before the peak, 5 years ago. Full Story
By: John Browne, Senior Market Strategist, Euro Pacific Capital - 1 July, 2009
Through its rhetoric and actions, the Obama Administration has made it clear that no matter the current or future costs, the federal government will not allow a collapse of the banking system. The resulting aura of certitude has, in turn, encouraged investors to roll the dice one more time. Some of these investors are likely trying to make good prior investment losses through speculative trading in U.S. equities. The surety of the government guarantee has sadly allowed them to overlook the fact that U.S. corporate earnings continue to fall. Full Story
By: Olivier Garret, CEO, Casey Research - 1 July, 2009
A friend of mine mentioned to me that he was surprised that “bankrupt GM” was spending some serious advertising dollars to try to lure customers to its website. My comment to him: It makes sense, if it is done properly! Full Story
By: Gold Anti-Trust Action Committee Inc. - 1 July, 2009
Video of GATA's presentation to the Vancouver Resource Investment Conference on Sunday, June 7 -- moderated by Peter Grandich, market analyst for Agoracom.com, and featuring Al Korelin of the Korelin Economics Report, financial newsletter writer Jay Taylor, GATA Chairman Bill Murphy, GATA board member Ed Steer, and your secretary/treasurer -- has been posted in three parts at YouTube. You can watch it here: Full Story
The massive budget deficit is causing the United States’ balance sheet to hemorrage cash. To fill the gap they must issue an immense amount of debt. The private market cannot sop it all up so inflation has exploded along with the policy of global quantitative easing. America’s wealth generating capacity is being rapidly destroyed as millions of Americans lose their jobs and civil liberties. The self-feeding cycle of budget deficit, declining dollar, job losses, budget deficit, etc. is accelerating. Full Story
Welcome to the second half of 2009, the time when optimists say the global economic recovery will start. It is July 1st, so where is this fabled recovery? Recent US economic data is not encouraging: the 6.9 per cent savings rate and a slump in the June consumer confidence indicator. House prices may have moderated their rate of fall, but they are still falling. Full Story
By: Roland Watson, The Silver Analyst - 1 July, 2009
What is a silver indexed bond and how does it work? Quite simply, a silver indexed bond is like a normal bond that is bought for an initial sum (the principal or capital) and interest is paid on it until a maturity date. Where it differs from a normal bond is the option which allows the bearer to convert the bond into an agreed amount of silver or the cash equivalent if certain conditions prevail. Full Story
Gold futures eased lower yesterday, apparently too tired for the time being to continue treading water. The Comex August contract settled at 927.40, down a little more than one percent on the day. If you’re a long-term investor looking to do some bargain-hunting, however, we’d advise waiting for even better prices, since it looks as though the futures could fall to as low as 899.00 over the next 6-8 days. That would be a back-up-the-truck buying opportunity as far as we’re concerned, since the downside in bullion seems limited for now. Full Story
By: Bill Bonner, The Daily Reckoning - 30 June, 2009
Let the punishment fit the crime! Poor Bernie. The man has been ordered to spend 150 years in the hoosegow. What for? Who did he kill? A century and a half seems a little excessive for a financial crime. You could hold up three liquor stores and rape a whole convent and still not get 150 years. With a little bit of good lawyer-ing, a history of child abuse in the family, and good behavior in the big house, you’d be back on the street in 18 months. Full Story
By: The Gold Report and Lawrence Roulston - 30 June, 2009
The Gold Report recently caught up with newsletter writer and analyst Lawrence Roulston of Resource Opportunities, who's been travelling to learn more about the state of mining worldwide. In this exclusive interview, Roulston provides his thoughts on the outlook for the economy and what factors impact gold and other metal markets. "As the Western world gets back on track," says Roulston, "commodity prices will continue higher." Full Story
The Seasonal Gold Chart above displays gold price movement in several ways. First, the red arrow shows where we’re at now. Next, the blue line is made up of the past 15-years of data to calculate a current average of prices. The red line covers the past 35-years of data, showing a longer averaged time frame. Historically speaking, prices trends are fairly erratic to lower in summer months. It’s at the end of summer that uptrends often take hold. Full Story
The opinion of currency analysts on the immediate outlook for the US dollar is almost evenly divided between two extremes: those who think the dollar will rise significantly in value by the end of the year; and those who conclude that the greenback will fall. Full Story
By: Richard Daughty, The Mogambo Guru - 30 June, 2009
I usually have a get “prepared” to visit John Williams at his famous shadowstats.com site so that I am “feeling no pain,” and this time I was happy I was, as his headline was “Inflation, Money Supply, GDP, Unemployment and the Dollar – Alternate Data Series”. Full Story
We thought it would be a good time to look in on our favorite bellwether, Goldman Sachs (GS), since the extraordinarily well-connected banking firm’s shares have been sharply on the rise lately. As long as this is the case, it makes a stock market selloff most unlikely. Full Story
This is an important report. It is likely that its recommendations will be implemented. The Subcommittee found that the CFTC failed to uphold commodity law, by allowing large index traders to hold long positions in wheat well above the proscribed speculative position limits of 6,500 contracts. Full Story
A skyrocketing yield curve is normally a sign the economy is dangerously heating up, and that market rates in fixed income securities are signaling the likelihood of higher administered rates soon as well. Along these lines then, short-term rates have been rising on the expectation that the Fed will need to talk about higher rates at its next meeting on July 22nd, with a corresponding collapse in both the yield curve and gold. It should be noted gold is tracing out an exact pattern match on the yield curve, and rate expectations. Full Story
It’s a tough time to be an investor. Earlier this week, Warren Buffett repeated his warning “the economy would be in shambles.” Meanwhile, the Federal Reserve said, “The pace of economic contraction is slowing.” And central banks added it intends to keep short-term interest rates at record low levels for “the foreseeable future.” Full Story
Summing up, the historical tendencies favoring the summer doldrums scenario may not play out this year, as many significant developments, such as the tremendous increase in the money supply, suggest higher prices ahead. Full Story
Well people, we are here. I am here. Gold is here. But the question, dear reader, is are you here? Gold is going to turn and punch through the $1000 barrier like it was not there. The U.S. dollar is going to drop like a stone. And yet, the vast majority of people are walking around in a daze. Full Story
There have been volumes written about psychology of the marketplace and numerous articles, commentaries, newsletters, and books have addressed the twin emotions of greed and fear and how they contribute to a herd instinct or mentality amongst both lay and professional investors. I prefer to collectively call these people “The Sheeple.” Full Story
Summer is not traditionally a good time for gold prices but this year could be the first exception in this bull market. Much depends on how stock markets fare from here. If there is a sharp correction then that would rally the dollar and take gold prices down, at least for a month or two. Full Story
Last week commodities moved higher as investors started buying into the recent pullback in prices. This is a healthy sign for the overall market. This is a quick update for gold, silver, oil and natural gas short term traders. Full Story
A major result of last year’s credit storm is a lingering sense of dread and foreboding among investors. Many are waiting for the proverbial “other shoe to drop” as the memories of last year’s crisis, and its attendant economic effects, are still fresh in mind. Full Story
Once again, let’s look at the headline energy commodity, oil. MACD is trigger down but well above ‘0’ it is healthy in a bigger picture. If the above noted bullish inverted H&S scenario were to play out on the broad markets, one might expect downside in oil to noted support area (or perhaps down to the mid 50’s) to hold before new upside to our long held ‘best case’ target of around 78. Alternatively, and in unison with the stock market, if WTIC does not break down from that little bearish flag and instead catapults to new highs near term, that may be as good as it gets before some significant downside into year end. Full Story
1st Hour: Headline news & Market Weatherman Forecast. Spotlight Stock Picks with big dividends. The International Forecaster and Host Chris Waltzek answer listeners' questions. 2nd Hour: -Axel Merk, The Merk Hard Currency Fund Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 June, 2009
As we thought it would, gold has fallen back to the low $900’s and begun rising again. Should we be buying? If only life was so simple and we could say to you buy at this price and sell at that price. If we did you can be sure the price would not quite reach the height nor reach the low price. It would almost reach there or overshoot leaving you wrong footed, as most people are. So what do we do? Full Story
By: Bob Chapman, The International Forecaster - 28 June, 2009
As you have already seen this is a worldwide depression and no one will escape. Europe’s economy is already in a shambles as is the US economy. Inflation will rage all over the world, because every nation has created massive amounts of money and credit as demanded by US and British elitists. They have all overmedicated the patient. As the Broadway hit play of many years ago told us, we are going to have to go through a “Period of Adjustment.” Some nations will get off easier than others. There will be no decoupling and many nations could have revolutions. Full Story
It looks like the needed correction is now over for the precious metals and they are ready to move their way back up. Most commentators and traders remain bearish gold, but I am very bullish gold and their equities right now. Everything seems to be lining up for gold here and now. Full Story
By: John Mauldin, Millennium Wave Advisors - 28 June, 2009
Last week we began a series on data abuse, about how various commentators twist and torture data to make it say what they want, or fail to look at the details underneath the headlines. Predictably, there is a lot of fodder this week as we forge ahead into this ripe territory. Full Story
On 25 June 2009 I was invited to the Cafe Libertalia to speak at a book club where I was given the latitude to choose the book for discussion. I picked What Has Government Done To Our Money And The Case For A 100% Gold Dollar by Murray Rothbard. This book is an easy to read foundation for the student of the Austrian school of economics. Therefore, I think everyone should get and read a copy. Full Story
It is interesting to hear a senior economic researcher from the Chinese Communist Party calling for bigger gold purchases by China to diversify away from the US dollar whose devaluation looks inevitable with the printing of money to finance deficits. Full Story
By: Richard Daughty, The Mogambo Guru - 28 June, 2009
I was really ready for a laugh when I read the Bloomberg article, “Derivatives Industry Gets Second Look From Congress.” To start off the festivities, it opens with a photo of the odious Christopher Dodd, the self-important arrogant loudmouth from Connecticut who milks the job for special “favors” and personal aggrandizement, actually chairs the House banking committee and, as a long-time member of Congress, is directly responsible for the economic catastrophe befalling us and the world, a sorry fact that I hope is a complete and utter embarrassment to the voters of Connecticut. Full Story
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